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News

SALT, local tax deduction

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Republicans’ deal on SALT deduction has changed again. How would it impact you?
Republican lawmakers in the House appeared to have reached a new agreement late Tuesday on the state and local tax deduction, commonly referred to as SALT, which had been one of the key sticking points in the passage of President Trump’s giant tax-and-spending bill.

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 · 4d · on MSN
MiBolsilloColombia on MSN · 2d
SALT deduction changes explained: Who really benefits from the $40,000 cap?
 · 4d · on MSN
Who benefits most from the state and local tax deduction and why raising the cap is contentious
JD Supra
6d
The State and Local Tax Deduction Is in Peril – The Cavalry Does Not Appear to Be on Its Way to Rescue It
Prior to the Tax Cuts and Jobs Act (“TCJA”), there was no direct limitation on an individual taxpayer’s deduction of his or ...
Spectrum News NY14d
SALT cap had 'negative impact' on N.Y., Lawler says
Rep. Mike Lawler said the lower cap on the federal deduction for state and local tax payments, also known as SALT, has had a “negative impact” on New York. “There were key provisions that ...
FingerLakes1.com
17h
SNAP, Medicaid cuts hit NY in new federal budget
A newly passed federal budget bill could cut billions from SNAP and Medicaid in New York while raising the SALT deduction cap ...

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